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FINANCE MINISTRY CLARIFICATION
Jairam Ramesh writes to Sarbanand Sonowal, seeks clarifications on Great Nicobar project's transhipment portCongress leader Jairam Ramesh has questioned Union Minister Sarbanand Sonowal about the Great Nicobar Island project's transhipment port, s...- PM Modi dismisses media report on possible tax on foreign travel as ‘totally false’Prime Minister Narendra Modi has strongly refuted media reports suggesting a new tax on foreign travel. He stated there is absolutely no tr...
- India has no plans to raise gold, silver import duties, govt source saysIndia will not restrict international card usage or increase import duties on gold and silver. Government sources clarified this amid conce...
- Standstill in India gold imports drags on, threatens supplyIndian banks face an unprecedented five-week halt in gold and silver imports, causing domestic prices to surge and threatening shortages. A...
- India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...
- SFIO widens probe into IndusInd Bank; summons audit firms over ₹2,000 crore derivatives irregularitiesThe Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank o...
- Groww's strong Q4; Iran conflict hits India's GCCsFintech major Groww more than doubled its net profit in the fourth quarter of FY26. This and more in today's ETtech Top 5.
- Finance ministry may review MOOWR benefits for battery storage importsThe Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised conce...
- UPI transactions to face charges? Finance Ministry issues clarificationThe Finance Ministry on Wednesday dismissed reports suggesting MDR charges on large UPI transactions, calling them false and misleading. Re...
- Cairn executives meet finmin officials, seek clarifications on settlement of retro taxCairn Energy has sought several clarifications from the government on settling the dispute over retrospective tax.
- Flat maintenance charges of over Rs 7,500 to incur 18% GSTThe ministry clarified the ceiling of Rs 7,500 per month per member shall be applied separately for those who own two or more flats in a ho...
- Finance Ministry restricts entry of media, Sitharaman says "no ban"As precedence, North Block, the seat of Finance Ministry, has only been out of bounds for journalists during the pre-budget quarantine peri...
- Ensure timely collection of taxes: Parliamentary panel to Finance MinistryThe Finance ministry should adopt and apply electronic systems / approach to all its processes, the Public Accounts Committee said in its r...
- Service tax applicable on transport, storage of rice, cottonThe prices are likely to rise as their transport and storage have been deemed ineligible for exemption from service tax.
- Government to issue clarifications in FDI policy: Anand SharmaThe two ministers are believed to have discussed the issue of redefining FDI and foreign institutional investment (FII) to remove ambiguiti...
- Government starts moves for conciliatory settlement with VodafoneThe move was initiated as soon as Kapil Sibal took over as the Law Minister yesterday. His predecessor Ashwani Kumar as also the AG had ear...
- Clarification on GAAR after approval of Finance Bill: Finance MinistryAssuring foreign institutional investors (FIIs) that their concerns on taxation of short-term capital gains will be taken on board.
- EPFO subscribers likely to get 9.5% interest in 2010-11: KhargeAbout 4.71 crore EPFO subscribers are likely to get one per cent increase in interest to 9.5 per cent on their deposits for 2010-11 with La...
- Govt to now count banks as 'our own'The status of investments made prior to the introduction of the new norms in February this year via Press Notes 2, 3 and 4 could also be su...
- No objection to Vodafone-HTIL deal: DoTThe Communication Ministry is understood to have no objection to Vodafone's proposed acquisition of equity in Hutch-Essar and feels the Fin...
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